3,000 metre program to evaluate high-grade surface showings discovered in 2003
Redstar Gold Corp. today announced that drilling will begin this week on its properties in west Red Lake, Ontario. The 3,000 metre Phase One program is designed to test previously undrilled high-grade surface showings discovered last year on its Biron Bay and Pipestone North targets.
"Conditions for our winter drill program are excellent, and we're excited about getting out into the field to follow up on our successful 2003 exploration program with drill testing of these promising structures," said Scott Weekes, President and CEO of Redstar.
Biron Bay Targets
Drilling on the Biron Bay property will focus on the Ledge showings where gold mineralization has been identified over a strike length of over one kilometre (see attached map). In particular, a structure with gold grades up to 22.1 g/t gold over 0.50 metres has been traced in two stripped outcrops for a distance of over 350 metres.
Pipestone North Targets
Drilling on the Pipestone North property will focus on two areas. The 991 Zone is an area of intense alteration and extensive gold mineralization. Grab samples from quartz veins in the area assayed as high as 22.72 g/t gold. Structural mapping in 2003 indicated the mineralization is associated with a minor fold closure. Drilling will test the depth extent of the 991 Zone as well as a much larger fold closure to the east.
The West Red Lake properties are held under option from Rubicon Minerals Corporation, and represent a total land position of over 6200 hectares. The five-week, ten-hole Phase One drill program forms part of Redstar's work commitment under the Rubicon Joint Venture Agreement announced March 11, 2002. The budget for the program is estimated at $350,000 to $400,000.
About Redstar Gold Corp.
Redstar Gold Corp. is a junior mining and exploration company with properties located in the prolific Red Lake Gold Camp in northwestern Ontario. The Company has built a significant land position in west Red Lake under an option agreement with Rubicon Minerals Corp. Redstar has focused on the west end of the Red Lake camp as it believes this area has been under explored and exhibits strong geological indicators for success. Aggressive exploration programs have begun on the most prospective ground. www.redstargold.com
On behalf of the Board,
REDSTAR GOLD CORP.
Strategic Investor Relations
416-366-0012 or 1-866-505-5035